August 26, 2020
ESCO Forms New Retail Supplier, New Subsidiary Expanding Beyond Current Market
New York natural gas ESCO High Rise Energy Group, LLC has formed a new retail supplier subsidiary: Grand Energy, LLC
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August 21, 2020
NRG Energy Announces Increase to Revolving Credit Facility Commitments
Centrica PLC’s Shareholders Approve Acquisition Of Direct Energy By NRG
NRG Energy, Inc. announced that NRG’s previously reported proposed acquisition of Direct Energy, a North American business owned by Centrica PLC, was approved on August 20, 2020 by the requisite vote of Centrica PLC’s shareholders at a general meeting of Centrica's shareholders.
July 28, 2020
Trump Names Two To FERC
President Donald J. Trump announced his intent to nominate the following individuals to FERC:
July 16, 2020
FERC Denies Retail Supplier's Complaint Seeking Correction Of Incorrect Assignment Of Load Obligation At RTO
FERC denied a complaint filed by Liberty Power Holdings LLC (Liberty) against Eversource Energy Company (Eversource) and ISO New England Inc. (ISO-NE) in which Liberty alleged that ISO-NE inappropriately refused to correct a billing error that arose from Eversource’s reporting to ISO-NE load…
July 16, 2020
FERC Dismisses Petition From Group That Had Sought For FERC To Set Net Metering Compensation Under Exclusive Federal Jurisdiction
FERC has dismissed a petition from the New England Ratepayers Association, which had filed a Petition for Declaratory Order at FERC requesting that the Commission: (1) declare that there is exclusive federal jurisdiction over wholesale energy sales from generation sources located on the customer…
July 15, 2020
PUC Directs Utilities To Modify Default Service Procurements To Hold "Dual Auctions"
Utilities To Hold Procurement For New Four-Year Capacity Hedge Product For Default Service Plus Separate Energy-Only Auction; Simultaneously Hold Traditional Full Requirements Auctions
July 7, 2020
PJM Formally Files At FERC To Allow Surety Bonds As Collateral, Except For FTRs
PJM formally filed tariff revisions at FERC to allow the use or surety bonds, which conform to proposed PJM requirements, as collateral, except for the Financial Transmission Rights (FTR) market
June 18, 2020
Whitepaper From NY DPS, NYSERDA Proposes Creation of New York City-Specific (Zone J) RPS Tier, Obligation Assigned To ESCOs, LSEs
The New York State Department of Public Service (DPS) and the New York State Energy Research and Development Authority (NYSERDA) filed a White Paper proposing mechanisms to meet the state's goal of meeting 70 percent renewable electricity by 2030 and achieving a carbon free power sector by 2040
June 8, 2020
FERC Technical Conference To Examine Credit, Counterparty Risk Issues In RTOs Due To COVID-19
FERC has issued an agenda for a July 8-9 technical conference concerning impacts that the emergency conditions caused by COVID-19 are having on various segments of the United States’ energy industry, with specifics concerning FERC's focus on access to capital now available
May 22, 2020
Utility Files Draft RFP To Solicit Long-Term Contracts For Portion Of SOS Load
Pepco has filed with the District of Columbia PSC a draft RFP to solicit long-term contracts for renewable energy and attributes to serve 5% of SOS load
May 22, 2020
New POR Discount Rates Approved At Three Utilities
Residential POR Discount Declines From 3% To Less Than 1% At One Utility
New purchase of receivables (POR) discount rates have been approved at Potomac Edison and Delmarva Power in Maryland, and at Washington Gas Light in the District of Columbia
May 22, 2020
FERC Adopts Changes To PJM Reserves Market That Could Lead To Prices As High As $10,000/MWh
Addresses Effective Date For Market Changes
FERC has adopted changes to PJM's reserves market proposed by PJM that could see reserves prices reach $10,000 per MWh.
May 20, 2020
PUCO Staff Recommend That If Utility's Sought Battery Storage Allowed To Participate In Wholesale Market, Participation Be Initially Limited To Regulation Service
Staff of the Public Utilities Commission of Ohio have filed comments on a battery storage project proposed by Duke Energy Ohio, and said that, if the Commission authorizes the project to participate in the wholesale market, such authority be limited to the 'Regulation D' frequency market, and any…
May 11, 2020
FERC Denies Rehearing Of Order That Allocates Must-Offer Generation Costs To Retail Suppliers, Rather Than Single LSE
FERC has denied rehearing requests from retail electric suppliers concerning FERC's August 2019 order that revised the allocation of must-offer generation commitment costs in the California ISO, and in doing so, allocated the costs to a broader group of LSEs (which includes retail suppliers), rather…
May 5, 2020
Another New York ESCO Seeks Order Authorizing Green Natural Gas Products
Kiwi Energy NY LLC petitioned the New York PSC for a declaratory ruling that Kiwi Energy’s green natural gas products are permissible energy-related value-added products under the PSC's December 2019 retail market reset order
April 17, 2020
FERC Rules That State Default Service Auctions Are "State Subsidies" For Purposes Of PJM Capacity Market Minimum Offer Price Rule (MOPR)
FERC Also Says Voluntary REC Generators Must Ensure Purchasers Do Not Resell RECs For RPS Compliance, In Order To Receive MOPR Exemption
April 10, 2020
PSC Approves Model, Cost Recovery For Long-Term Renewable Contract Used For SOS Customers
The District of Columbia PSC has adopted a model and cost recovery mechanism for integrating a long-term renewable energy power purchase agreement (PPA) for a target quantity of five (5) percent of the Standard Offer Service (SOS) load into the SOS portfolio.
March 23, 2020
ISO Opposes Retail Supplier's Petition At FERC For Billing Adjustment
ISO New England filed an answer at FERC opposing a petition filed by Liberty Power Holdings LLC in which Liberty is seeking a billing adjustment related to a utility billing error, as the ISO said that, "Liberty had numerous occasions to detect the error and request that it be corrected pursuant to…
March 20, 2020
Retail Supplier Parents, Brokers, Pa. PUC Among Those Requesting That PJM Capacity Auction Schedule Be Resumed "As Quickly As Possible"
An ad hoc group of stakeholders identifying itself as the "the Competitive Markets Coalition", which includes several integrated generation and retail energy supply companies as well as a representative of brokers, urged FERC to act expeditiously on a PJM minimum offer price rule (MOPR) capacity…
March 19, 2020
FERC Denies Rehearing Of Prior Finding That MISO Zone 4 Capacity Rates From 2015/16 Auction Were Just And Reasonable
FERC has denied rehearing of its prior finding that the results from the Midcontinent ISO 2015/16 Planning Resource Auction for Local Resource Zone 4 were just and reasonable
March 18, 2020
Retail Suppliers Seek Halt To CAISO Resettlement
Shell Energy North America (US), L.P. and the Alliance for Retail Energy Markets filed a motion at FERC seeking an emergency order immediately instructing the California ISO to cease its plans to, as described by petitioners, "unilaterally" issue invoices and resettle the market to address a FERC…
March 13, 2020
Updated: Update #3: Pennsylvania Prohibits Disconnections; ComEd Suspends Shutoffs
PUCs Undertake Coronavirus Measures, Disconnection Moratoriums, New Utilities Added (Including States With Supplier Consolidated Billing)
March 13, 2020
Danly Confirmed By Senate As FERC Commissioner
The U.S. Senate has confirmed James Danly to join the Federal Energy Regulatory Commission as Commissioner.
March 13, 2020
PJM Proposes Schedule To Conduct 2022/2023 & Later Base Residual Capacity Auctions
During a stakeholder meeting yesterday, PJM proposed a schedule for the base residual capacity auctions (BRA) for 2022/2023, and later years, which have been delayed due to a FERC order
March 4, 2020
Another State To Use Capacity Proxy Price For SOS Auctions Due To Lack Of PJM Forward Capacity Price
Maryland PSC Staff, in presenting recommendations from a working group, have presented to the Commission revisions to the electricity SOS residential and Type I procurement process due to the ongoing delay of several PJM Base Residual Auctions for capacity for delivery periods beginning June 1, 2020